Anoop Kumar Mittal, CMD, NBCC expects a 20-25 percent growth in revenues and 25 percent growth in orderbook for FY16.
Speaking to CNBC-TV18, YD Murthy, Executive Vice President-Finance, NCC Limited says that he is confident of getting substantial orders for the smart city project and is looking forward to the new capital city of Amravati.
NBCC CMD Anoop Kumar Mittal expects order inflow to the tune of Rs 2500-3000 crore in the second quarter, while expecting order book to grow to Rs 30,000-35,000 crore by this financial year end
This is a self-revenue generation model where the company margins will be 10 percent on construction cost and 2 percent on sale value, says Anoop Kumar Mittal, Chairman, NBCC.
The company has already undertaken smart city projects like East Kidwai Nagar, Delhi, says Anoop Kumar Mittal, Chairman, NBCC.
Anoop Kumar Mittal, chairman, National Buildings Construction Corporation is also confident of logging 25 percent topline growth for the next five years.
Anoop Kumar Mittal, CMD, NBCC, says the total construction cost of four WAQF properties will be around Rs 400 crore, while execution time will be 24 months.
NBCC surges more than 5 percent as the company bags order worth Rs 1,529 crores in April. In an interview to CNBC-TV18, CMD Anoop Kumar Mittal discusses the order details and company‘s future outlook.
The company is in close negotiations with Odisha government and also with UP, West Bengal governments for other redevelopment project, said Anoop Kumar Mittal, chairman, NBCC.
Anoop Kumar Mittal, chariman at NBCC is confident of 30-40 percent growth in order book, which has increased by Rs 10,000 crore in the previous three quarters.
NBCC chairman Anup Mittal expects real estate business revenue to surpass Rs 300 crore in H2FY15 amid higher levels of inventory selling.
The state-owned National Buildings Construction Company (NBCC) is in talks with several public-sector companies to develop their surplus land, including Air India, CMD Anoop Kumar Mittal told CNBC-TV18 in an interview.